Newsletter from CA Cult – For Latest Updates (May 2025)
Check out the Weekly Newsletter from CA Cult – For Latest Updates (First Week of May 2025)
- Income Tax Department Notifies ITR-1 & ITR-4 for AY 2025-26 – Key Changes.
- Income Tax Return (ITR) Form 3 for AY 2025-26 Notified – NOTIFICATION No. 41/2025.
- Income Tax Return (ITR) Form 5 for AY 2025-26 Notified – NOTIFICATION No. 42/2025.
- Updated Bank Lists 34A & 34B Effective April 2025 – Notification No. 24/2025-Customs.
- Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Sikkim.
- Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A.
- Grievance Redressal Mechanism for processing of application for GST registration – Instruction No. 04/2025-GST.
- India Expands Global Customs Cooperation: New Agreements with New Zealand & Madagascar – NOTIFICATION No.32/2025 – Customs (N.T.).
- Request for Comments on Alignment of Schedule-II (Export Policy), ITC(HS) 2022 with amendments introduced by Finance Act 2025 – Trade Notice No. 04/2025-26.
- Prohibition on Import or transit of all goods originating in or exported from Pakistan- Insertion of Para 2.20A of Foreign Trade Policy (FTP) 2023. – Notification No. 06/2025-26.
- Processing of Regulatory Authorisations/ Licenses/ Approvals through PRAVAAH.
- RBI Increases Experience Requirement for Opening Diamond Dollar Accounts to 3 Years.
- Timelines for collection of Margins other than Upfront Margins –Alignment to settlement cycle.
- Advanced ICITSS -Adv. Information Technology Test – Computer Based Mode (CBT) Schedule May, Jun, Jul, Sep, Oct, and Nov 2025.
OTHER UPDATE
- Indian Cyber Crime Coordination Centre (I4C) Added to PMLA Info-Sharing List | G.S.R. 261(E) Explained.
Videos of the Week:
- How Indian Government Sells Seized Property for Taxes: https://www.youtube.com/shorts/HLX5f2ByQTA
- Payment in Foreign Currency in India | Info fun fact by CA Cult: https://www.youtube.com/shorts/iYfqK7YOmKQ
- GST Rule 86B Explained: Avoid Penalties in 60 Sec: https://www.youtube.com/shorts/z6A_620nncY
- ITR-1 & ITR-4 Updates 2025: Key Changes | Income-tax: https://www.youtube.com/shorts/u251Ky0j5RQ
- Shram Suvidha | Must-Know Portal for Every Employer & Employee: https://www.youtube.com/shorts/36aG92dP6_A
- India’s Tax Free Money transfer | Gift | Info fun fact by CA Cult: https://www.youtube.com/shorts/b14wqQvWsxI
- ITR-3 AY 2025-26: Top Changes You NEED to Know: https://www.youtube.com/shorts/3jxdUldCe9Y
- Switching Tax Regimes in 2025? Know Your Options Before Filing ITR: https://www.youtube.com/shorts/5aPKculHG7E
- Can You Claim HRA If You Own a House? | HRA Rules Explained (2025): https://www.youtube.com/shorts/056AsFd-NcA
- India Bans All Imports from Pakistan: https://www.youtube.com/shorts/uzXGsuNcI_w
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